By Doing the job closely with our consumers, we aim to expedite the process and safe payment in the debt immediately or pursue a judgement to Get well payment.

We run Using the technique that debts are most effective settled with open up communication and an idea of the reasons why they may have accrued. We do not subscribe into a ‘hefty-handed’ strategy, believing this is really counter-successful and in lots of situations delays a settlement even more.

We typically meet the customer/creditor in human being or often as a result of Talking by using phone or on the internet through e-mails or skype.

The creditors can not send out a notification that looks like official paperwork, are unable to give Wrong information concerning the debtor to other companies or utilize a Bogus firm title.

All those indicted contain Demetriades’ father and two siblings, with pursuits during the family’s regulation firm, through which the naturalisations have been becoming made.

Insolvency regulation: Details the individual bankruptcy proceedings and choices for winding up a business, supplying pathways for creditors to recover debts from insolvent entities.

we have to file your assert with among the 5 district courts to the island (in Nicosia, Limassol, Larnaca, Paphos, or Famagusta). We make this happen by preparing a see of default and sending it into the courtroom.

Collection business specializes in international debt collection. Our experts know just how to deal with defaulters. We have made an effective debt collection method and perform together with lawyers, attorneys, and bailiffs in Cyprus.

Mediation in Cyprus is actually a voluntary procedure wherein a mediator helps the disputing parties in reaching a mutually agreed upon Resolution, with out imposing a choice.

in the event the debtor is often a normal person we will require the consumer to deliver us with any information and facts that they've to the whereabouts on the debtor in order to aid read more us Along with the debt collection procedure. In Cyprus, lawyers can gather all info relating to debtors plus the starting point is the client.

including late expenses and fascination can motivate well timed payments and compensate for any delays. make certain that:

authorized charges: lawful charges are regulated by court scales, normally awarded for the winning celebration inside a dispute.

you can be generally aware about the situation as we provide regular monthly studies on your scenarios. We've got designed distinctive recovery algorithms and developed individual workflow for every creditor

If the amicable strategy fails, escalate the matter through lawful proceedings to obtain a court judgment, important for debt enforcement.